HT455 - Revenue and Cost Management
Hospitality and Tourism
George E. Thibodeaux, MBA E-MailVita
I. Course Description
The hospitality industry is one of intense competition and thin margins. Managers must be
prepared to contend with accounting, marketing, human relations, facilities management, legal,
and a variety of other issues. This course will focus on the logic and principals dealing with
these issues from the cost and revenue prospective. The text that I have chosen is about food and
beverage cost control. The concepts used in this major aspect of the industry are applicable to
all phases in hospitality and tourism. Although the primary emphasis is cost control, revenue
forecasting and the profit prospective are well represented. I think you will find the book to
be well organized and easy to read.
II. Course Objective
At the conclusion of this course the student should be comfortable with the following concepts:
Food and Beverage Cost Control (Second Edition); Miller, Jack E., Hayes, David K., Dopson,
Lea R.; ISBN #: 0471355151
IV. Grading and Course Logistics
Weekly assignments = 20%
Mid Term Exam (Chapters 1,2,3,4,5, & 6) = 40%
Final Exam - Non cumulative (Chapters 7,8,9,10,11, & 12) = 40%
A
B
C
D
F
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=
=
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100 - 90%
90 - 80%
80 - 70%
70 - 60%
60% - below
Assignments must be completed on a weekly basis. Please submit weekly assignments via e-mail by
Sunday evening of each week. Late assignments will affect your grade.
The course study should take 8 weeks to complete, but must be completed within 11 weeks of an
agreed starting date.
The instructor may be contacted by e-mail with any questions or concerns. If person to person
conversation is necessary, the student should e-mail the instructor with a time and phone number
where the student can be reached.
Academic honesty is highly valued at Canyon College. A student must present the product of his
or her own original work.
V. Weekly Course Outline (This is the optimal course time frame which works well to keep
the student motivated toward completion. However, I do realize that you have chosen Canyon
College because you have active professional and social lives outside of school. Exception to
the optimal time frame must be discussed with the instructor and will be considered on a
case-by-case basis.)
Week 1
Chapters 1 and 2: Managing Revenue and Expenses, Determining Sales Forecast
Weekly Assignment:
Chapter 1 Review, p. 23-26. Test Your Skills: Questions 1,2,3, & 4
Chapter 2 Review, p. 48-52. Test Your Skills: Questions 1,2,3, & 4
Week 2
Chapters 3 and 4: Managing the Cost of Food, Managing the Cost of Beverages
Weekly Assignment:
Chapter 3 Review, p. 127-133. Test Your Skills: Questions 1,2,&4
Chapter 4 Review, p. 173-176. Test Your Skills: Questions 1,2,&3
Week 3
Chapters 5 and 6: Managing the Food and Beverage Production Process, Managing Food and Beverage
Pricing
Weekly Assignment:
Chapter 5 Review, p. 231-235. Test Your Skills: Questions 2,4,&5
Chapter 6 Review, p. 266-273. Test Your Skills: Questions 1,3,&5
Week 4
Review and MID TERM EXAM
Week 5
Chapters 7 and 8: Managing the Cost of Labor, Controlling Other Expenses
Weekly Assignment:
Chapter 7 Review, p. 332-338. Test Your Skills: Questions 2,4,&5
Chapter 8 Review, p. 360-364. Test Your Skills: Questions 1,2,3,&5
Week 6
Chapters 9 and 10: Analyzing Results Using the Income Statement, Planning for Profit
Weekly Assignment:
Chapter 9 Review, p. 389-392. Test Your Skills: Questions 1,2,&3
Chapter 10 Review, p. 435-440. Test Your Skills: Questions 1,3,&4
Week 7
Chapters 11 and 12: Maintaining and Improving the Revenue Control System, Using Technology to
Enhance Control System
Weekly Assignment:
Chapter 11 Review, p. 466-467. Test Your Skills: Questions 1,3,&4
Chapter 12 Review, p. 492-494. Test Your Skills: Questions 2,4,&5
